It’s never too late to fix a problem. It doesn’t matter if it’s you who has been putting off a trip to the doctor or your country that has been putting off properly taxing its natural resources, it really is better late than never.
Just because the former Liberal treasurer Peter Costello failed to cash in on the resources boom of the early 2000s, and just because the mining industry succeeded in scuttling the Rudd government’s mining tax in 2009, doesn’t mean Australia should let the benefits of record commodity prices slip through our fingers yet again. Failing to do something sensible twice before is hardly a good reason to repeat the mistake a third time.
